New

Portfolio Manager - Community Banking Team

Old Second National Bank
United States, Illinois, Chicago Heights
May 07, 2026
Who We Are At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started. With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together! Position Overview The Portfolio Manager is responsible for supporting the Banking Team in Community Banking through middle-market segments, i.e., companies with annual revenues up to $50million. The Portfolio Manager manages client portfolios with activities that - include: tracking, collecting & monitoring financial data, covenant testing, Term Loan Review preparation and corresponding with clients and outside counsel as appropriate. Regularly interacts with internal Commercial Relationship Managers & Credit teams and internal/external business partners. Persons interested in this position should want to move toward the Line/Business Development. Primary Job Functions Engages in portfolio and risk management of banking team clients ensuring compliance with bank credit policies and procedures. As requested by the Relationship Manager, engages in co-management of client relationships with a focus on client financial analysis. Tracks and monitors completion of required covenant testing and annual Term Loan Review preparation via Bank's credit underwriting group. Supports the Loan renewal process by collecting and reviewing client financial information to support approvals. Assists in the preparation of CAMs with credit oversight. Assesses and clears past due collateral exceptions. Tracks and records property insurance Partners with Commercial Relationship Manager liaising with bank clients, the Commercial Credit team, Commercial support/operations and internal/external business partners. Secondary Responsibilities: In partnership with Commercial Relationship Manager, identifies and engages with clients in support of Bank's portfolio management efforts. May participate in loan approval process by contributing to the creation of Loan Committee presentations. May visit clients with Commercial Relationship Manager as appropriate. Work closely with Banking Team CLA's to clear exception items, board new business and move client relationships forward. Minimum Requirements: Non-Officer Bachelor's degree in Accounting, Business, Finance or related field and some formal commercial credit training or experience; or a position held in a related field. Minimum requirements (Officer) Bachelor's degree in Accounting, Business, Finance or related field and two or more years of formal commercial credit experience or a position held in a related field. Minimum Requirements (AVP) Bachelor's degree in Accounting, Business, Finance or related field and three or more years of formal commercial credit experience or a position held in a related field. Competencies: Working knowledge of balance sheets and income statements Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook) General Banking (Credit/Debit) knowledge Working knowledge of credit u/w documents Familiarity of Commercial underwriting guidelines Consultative skills and client relationship management Location Details This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs. Note: Job levels and hiring decisions are based upon both the business needs of the department and the qualifications of the incumbent. In some cases, an incumbent may meet the requirements of an Officer or AVP level Portfolio Manager but may be hired in at a lower level based upon business needs and staffing dynamics. Compensation & Benefits Portfolio Manager Base pay: $62,000 - $80,000 Portfolio Manager Officer Base Pay: $69,000 - $90,000 Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 10% of base salary based various performance components. AVP Portfolio Manager Base Pay: $78,000 - $100,000 Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% of base salary based various performance components. Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience. Benefits: How We Support You - Old Second Thanks for considering Old Second!